Send us a textEPISODE SUMMARYIn this episode of Wrestling Payments, host Joseph Casil talks with Steve Wasserman from Photon Commerce about the growing importance of ISO 20022 and its impact on the global payments landscape. Wasserman delves into how this emerging standard is transforming instant payments and financial messaging by providing a more structured and data-rich approach to payment transactions.Wasserman explains the benefits of ISO 20022, including its ability to support more deta...

Send us a textEPISODE SUMMARYThe U.S. payment system stands on the verge of a monumental shift. The Federal Reserve is proposing 24/7 operations for the National Net Settlement System (NSS), the backbone of payment finality. This means no more "lights out" on weekends; wires, ACH, and other payment types could flow around the clock.In this episode of Wrestling Payments, Joe Casali wrestles with this complex topic alongside Sean Carter, President & CEO of NEACH. Sean acknowledges the upsid...

Send us a text[Podcasters note: In this episode we show our real passions for payments and appear not as CEO & EVP, but more as "two guys from Boston" as we tackle the alarming rise of scams and financial fraud.]Joe Casali and guest Sean Carter, President & CEO of NEACH, dissect the recent "Chase Bank Glitch" where individuals fell prey to check kiting schemes. They discuss the importance of financial literacy, especially among younger generations, to combat scams that fund harmful ac...

Send us a Text Message.Episode SummaryIn this episode of Wrestling Payments, host Joe Casali from NEACH sits down with Rusiru Gunasena, the head of the RTP network at The Clearing House, to dive into the evolution and current state of real-time payments in the U.S. Rusiru highlights the journey of RTP since its launch in 2017, emphasizing its growth and the increasing adoption among financial institutions. He shares insights on the network’s milestones, including handling billion-dollar days ...

Send us a Text Message.EPISODE SUMMARYIn the latest episode of Wrestling Payments, host Joe Casali is joined by Kevin Olsen, the Senior Vice President of Innovation and Strategy at Pidgin. They dive into the intricacies of onboarding the FedNow payment system, emphasizing the challenges and strategies involved. Olsen highlights the essential steps for a successful onboarding process, including the importance of knowing one's OAL (Officer Authorized List) and the significance of thorough testi...

Send us a Text Message.Welcome to another episode of Wrestling Payments. In this episode of Wrestling Payments, host Joe Casali dives into the transformative world of faster payments, focusing on the development and implementation of instant payment systems in the U.S. and globally. Casali discusses the journey from traditional ACH payments to the more advanced Real-Time Payments (RTP) and FedNow systems, highlighting the technological advancements and the growing adoption of these faster pay...

Send us a Text Message.In this episode of "Wrestling Payments," host Joe Casali welcomes back Nanci McKenzie for a follow-up discussion on third-party relationships within the financial industry. Nanci, an independent consultant with extensive credentials in banking and risk management, shares insights from her session at PMC 2024. She emphasizes the evolving nature of third-party relationships, particularly the regulatory changes and guidance updates from agencies like the OCC, FDIC, and the...

Send us a Text Message.In this episode of Wrestling Payments, Joe Casali and Kevin Olsen continue their discussion from the International Payments Alliance meeting by Nacha, diving into various topics surrounding payment systems and regulations. They start by addressing the move in Germany to eliminate checks and explore how the reduction of paper transactions could simplify banking systems. Kevin points out that while checks have been a long-standing payment method, most use cases for checks...

Send us a Text Message.In this episode of "Wrestling Payments," host Joe Casali sits down with Kevin Olsen, also known as the "Payments Professor." The discussion kicks off with Kevin's signature introduction and his enthusiasm for making payments engaging. They delve into their experiences at the Nacha Payments Alliance international meeting in Berlin, where both were deeply impressed by the city's historical significance and the intense professionalism of its business community. Kevin share...

Send us a Text Message.Today, June 15, is National Elder Abuse Awareness Day. The Wrestling Payments podcast was started to discuss "wrestling" with payment topics. Topics like technology implementation and AI, but perhaps we've become so numb to the problems of Elder Financial Abuse and Human Trafficking, that the issues have faded into the background. I ask the Industry, how can we do better?In this episode of Wrestling Payments, Joe Casali talks with Andrea Higgens, a Criminal Elder Abuse ...

Send us a Text Message.Episode SummaryIn this episode of Wrestling Payments, host Joe Casali sits down with Jaime Shapiro Berg from Alkami - ACH Alert to discuss the rapidly changing payments landscape and the critical role of fraud prevention. Jaime shares her extensive career journey, from starting in treasury management at KeyBank to her current role at Alkami, emphasizing the importance of adapting to new technologies and staying ahead of fraudsters.The conversation highlights the innovat...

Send us a Text Message.Episode SummaryIn this episode of "Wrestling Payments," host Joe Casali dives into the details of National Small Business Week. He emphasizes the importance of utilizing available resources, such as the SBA’s virtual summit and educational programs, to help small businesses thrive. Joe highlights key sessions on AI, cybersecurity, and marketing strategies that are crucial for business growth and stability in today’s dynamic environment. Joe also discusses the pract...

Send us a Text Message.Episode SummaryIn this episode of "Wrestling Payments," Joseph Casali dives into the often-misunderstood realm of government benefit payments and their reclamation process. Highlighting a new course he's developed; Joe explains the crucial difference between the Nacha Rules and those dictated by government agencies when a beneficiary passes away. His insights illuminate the complex interactions between the law, the "Green Book" guidelines, and real-world banking practic...

Episode Summary In this episode of Wrestling Payments, Joe Casali sits down with Charlie Kelly from Remedy Consulting. They dive into the evolving landscape of payment systems. Charlie shares insights from his vast experience, focusing on core conversions, contract negotiations, and the challenges community banks and credit unions face.   Charlie emphasizes the importance of navigating the complexities of payment system upgrades. He highlights how Remedy Consulting aids institutions in...

Episode Summary Welcome to our 25 Episode. Before we get to the official description, this was such an enjoyable episode to record and catch up with an old "Ring" veteran. What started out as a catch-up session, turned into an amazing valuable episode, check below for some resource links. In this episode of Wrestling Payments, host Joe Casali welcomes Patty Presta, AAP, NCP, the Director of Education at NEACH. Patty shares her unique journey from aspiring to be a nurse to becoming a pivotal...

Episode Summary In this episode of Wrestling Payments, host Joe Casali dives into the complexities of the modern banking sector, focusing on the dynamic between risk management and innovation. Joe, an expert in the field, shares insights on how banks are adapting to regulatory changes and the increasing importance of cybersecurity. The conversation shifts towards the challenges and opportunities presented by digital payments and consumer protection. Joe emphasizes the need for banks to...

Episode Summary In this episode of Wrestling Payments, host Joe Casali talks with Sean Carter, President & CEO at NEACH, about the significant changes in ACH rules. They dive into the recent ballots passed with over 93% approval, focusing on the new risk management framework. This framework aims to protect the payment network from fraud, a challenge all payment systems currently face. Carter emphasizes the collective effort required to combat fraud, highlighting that the changes affect...

Episode Summary In this episode of Wrestling Payments, Joe Casali shares insights from the MIT Fintech Conference, focusing on the rapid evolution of fintech. He discusses how artificial intelligence and blockchain technology are driving change in the payments industry. Joe also highlights the importance of navigating regulatory landscapes to foster innovation while ensuring security and trust.   The conversation shifts to the impact of digital currencies and payment platforms on...

Episode Summary In this episode of Wrestling Payments, host Joe Casali engages with the intricate world of payment systems. He dives into the evolving landscape, highlighting the shift towards faster and more secure transactions. Joe sheds light on the technological advancements driving change, from blockchain to AI, emphasizing their impact on both consumers and financial institutions. Primarily, this episode reports on the responses to our listeners responses of the areas of interest they...

Tilled, to discuss the evolving world of payment processing. Caleb shares his journey from door-to-door sales to pioneering innovative payment solutions. He reflects on the complexities of the industry, highlighting the nuances of competing and partnering within the same space.   Caleb dives into the intricacies of payment facilitation, explaining how companies like Stripe and Square have revolutionized the field. He emphasizes the role of software-led payments in reshaping the industry,...

Episode Summary In the Season 1 Finale show of Wrestling Payments, Joe Casali delves into the dynamic world of financial technology and seeks audience input or crowdsourcing of the critical issues for 2024.   Joe discusses a list of important, interesting and pressing issues with a request of the audience suggest how the Association should direct resources and energy in 2024. The episode closes with a call to action for listeners to participate in shaping the future content of the series....

Episode Summary In this insightful episode of Wrestling Payments, Joe Casali dives deep into the complexities and challenges of payment operations. He emphasizes the critical role of problem-solving in the industry, highlighting how essential it is for professionals to understand the rules and mechanisms of different payment systems. Joe narrates a real-life story, maintaining anonymity, to illustrate the intricate process of payments, particularly focusing on the Real-Time Payments (RTP)...

Episode Summary In the latest episode of Wrestling Payments, host Joe Casali and guests Dennis Walker and Stephen Dillon engage in a candid conversation about the complex world of third-party sender relationships in the realm of banking and ACH payments. Drawing from their extensive experience in the industry, Dennis and Stephen share valuable insights and practical wisdom that can help financial institutions navigate this intricate landscape effectively. The discussion kicks off with an...

Welcome to another episode of Wrestling Payments. In this episode of Wrestling Payments, host Joe Casali delves into the evolving landscape of real-time payments. He highlights the recent developments at The Clearing House, emphasizing the organization's efforts to enhance transaction speeds. Casali also discusses the integration of new hires in the payment industry, underscoring their role in bringing fresh perspectives and innovative approaches to traditional financial systems. The...